Cement News tagged under: PPC Botswana
Financial restructuring positions PCC for long-term recovery25 June 2021, Published under Cement NewsCompetent management is transforming PPC's prospects for the better. Under CEO Roland van Wijnen, the company has deconsolidated the company's Democratic Republic of Congo (DRC) operations, significantly de-risking the business, and improved its gearing with the sale of its lime business. Together with the tail wind provided by volume recovery in the core South African market, which has enabled the company to meet its interest payments, the JSE-listed cement producer may now be in a ... |
PPC to sell Botswana aggregate quarry business11 June 2021, Published under Cement NewsSouth Africa-based PPC has entered into a binding sale and purchase agreement to sell its 100 per cent shareholding in PPC Aggregate Quarries Botswana Proprietary Ltd for a cash purchase consideration of BWP47.5m (US$4.49m). The purchaser is a construction and mining company in Botswana, with conditions for the agreement expected to be met by 1 August 2021. PPC also anticipates group EBITDA for continuing operations to increase by between 14-18 per cent YoY in the full-year ended 31 March 2... |
Rwanda: PPC revenues boosted by Cimerwa05 July 2016, Published under Cement NewsCimerwa Ltd’s contribution to Pretoria Portland Cement’s (PPC) revenues helped cushion the company’s turnover in the six months ending 31 March 2016. According to the Johannesburg Stock Exchange, PPC holds a 51 per cent stake in the Rwandan cement company. While PPC’s results show bases in Botswana, South Africa and Zimbabwe were depressed due to a shrinking market and falling prices, a recently-commissioned plant in Rwanda added almost ZAR200m (US$13.5m) to the group’s revenue. Despit... |
PPC eyes longer-term growth outside of Africa16 March 2016, Published under Cement NewsPPC has unveiled a new expansion strategy that envisages doubling the business every 10 years and growing beyond its traditional markets in Africa. In an investor presentation posted on PPC's website ahead of this week’s Merrill Lynch conference in Sun City, the company set out its ambitions for the future even as it warned of falling cement sales in the first months of FY16. In the presentation, PPC states that it is on course to raise capacity to 12.7Mta by 2018 (a 47.7 per cent inc... |
PPC's preliminary report, year-end Sept 201319 November 2013, Published under Cement NewsPPC's South African cement sales volumes rose by seven per cent, while industry sales for the nine months ending June 2013 increased by 4.2 per cent. Strong volumes were recorded in the Gauteng and inland regions despite increased industrial action in these markets. Volumes in the coastal regions also recorded growth despite rising imports and a particularly wet winter season. Imported cement, which is not subject to import duties and is excluded from national statistics, accounted for an ... |
PPC targets African expansion strategy30 January 2013, Published under Cement NewsPPC said in a trading update that it is pursuing additional buyout opportunities in Africa, which it expects to announce during the year. In its 4Q12 report ended December, it said last year’s 51% acquisition of cement maker Cimerwa in Rwanda for US$69.4m was a 'significant step' in its African expansion strategy. It also said receipt of its Zimbabwean indigenisation certificate in November was an important step into Africa. Group chairman Bheki Sibiya said the quarter was characterised ... |
PPC Bostwana wins excellence award27 June 2012, Published under Cement NewsPPC Botswana has scooped the prestigious PMR Diamond Arrow Award with an overall rating of 4.18 out of 5.00, the highest in the Business sector - Cement and Concrete Suppliers in Botswana. The awards are based on research conducted by PMR.africa, and the purpose is to enhance and recognise excellence in the industry. The respondents of the survey comprised of CEOs, MDs, business owners, company directors and managers, senior government officials in Botswana. Companies and institutions wer... |
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